Monday, April 27, 2015

"Tax Break Used by Investors in Flipping Art Faces Scrutiny" (UPDATED)

Excellent piece by Graham Bowley in the NYT this morning on 1031 exchanges.

I had some thoughts on this subject a few years ago.  Good summary of the legal issues involved here.

UPDATE:  Bloomberg's Katya Kazakina has a story out today on the same subject.  Something's definitely in the air about this.